Redwood Investment Management LLC Purchases 3,500 Shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG)

Redwood Investment Management LLC raised its position in shares of SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 105,330 shares of the company’s stock after purchasing an additional 3,500 shares during the period. SPDR Portfolio S&P 500 ETF makes up approximately 0.7% of Redwood Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. Redwood Investment Management LLC’s holdings in SPDR Portfolio S&P 500 ETF were worth $7,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swmg LLC increased its position in SPDR Portfolio S&P 500 ETF by 0.3% in the fourth quarter. Swmg LLC now owns 49,271 shares of the company’s stock worth $3,515,000 after purchasing an additional 144 shares during the last quarter. Integrity Wealth Solutions LLC grew its stake in shares of SPDR Portfolio S&P 500 ETF by 0.5% in the 4th quarter. Integrity Wealth Solutions LLC now owns 28,653 shares of the company’s stock worth $1,975,000 after buying an additional 145 shares in the last quarter. Key Financial Inc increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 1.6% in the 4th quarter. Key Financial Inc now owns 9,410 shares of the company’s stock worth $649,000 after buying an additional 146 shares during the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in shares of SPDR Portfolio S&P 500 ETF by 3.3% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 4,671 shares of the company’s stock worth $322,000 after buying an additional 148 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of SPDR Portfolio S&P 500 ETF by 19.9% during the 4th quarter. Sound Income Strategies LLC now owns 922 shares of the company’s stock valued at $64,000 after buying an additional 153 shares in the last quarter.

SPDR Portfolio S&P 500 ETF Trading Up 0.1%

Shares of NYSEARCA:SPLG opened at $69.11 on Thursday. The company has a market cap of $63.75 billion, a price-to-earnings ratio of 24.62 and a beta of 1.01. SPDR Portfolio S&P 500 ETF has a 12 month low of $56.67 and a 12 month high of $72.14. The company has a 50-day moving average price of $64.74 and a 200 day moving average price of $68.23.

About SPDR Portfolio S&P 500 ETF

SPDR Russell 1000 ETF (the Fund), formerly SPDR Dow Jones Large Cap ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded the United States equity securities.